Cash Cat Token Surges 4,000% and Hits $200 Million Market Cap, But Why? | Editor's Pick Market

Cash Cat (CASHCAT) surged past a $200 million market cap at a record high on July 11, led by heightened activity across Robinhood Chain. The token reached an all-time high of $0.211 before easing to about $0.193, leaving its market cap near $192 million. It gained close to 29% in the past 24 hours and is up more than 4,000% over the week. The move followed fresh derivatives access and increasing accumulation. Hyperliquid listed CASHCAT perpetual futures, enabling long or short positions with up to 3x leverage, while the token also expanded to Solana through Sunrise, according to a network post. On-chain data from GeckoTerminal showed $34.89 million in 24-hour volume with net buying of $1.36 million. CASHCAT led Robinhood Chain activity with $40.05 million in volume, 43,403 trades, and 6,795 unique traders over 24 hours. Overall, Robinhood Chain DEX volume hit a record $846.8 million on July 10, alongside an all-time high of 306,893 active addresses.